PT Bumi Resources Minerals Tbk (BRM) owns 24% in PT Newmont Nusa Tenggara (NNT) through BRM’s 75% owned subsidiary, PT Multi Daerah Bersaing (MDB). NNT’S Batu Hijau Project is a large scale open pit Copper and Gold mine located in Sumbawa, Nusa Tenggara, Indonesia.
The Batu Hijau project has 6.8 billion lbs of Copper and 7.1 million oz of Gold reserves with the reserve life of up to 12 years based on 2010 peak production rate. In 2013, the Batu Hijau project produced 161 million lbs Copper and 48 thousand oz Gold. Within the NNT’s Contract of Works, there are other Copper and Gold prospects from the Elang and Rinti Sites, in addition to the Batu Hijau project.